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Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think tha ....
That they short. This is a startling development in a battle that has taken it to washington as both sides are preparing to meet the politicians who have it out to regulate wall street. Welcome, everybody. Im neil cavuto. This is your world. And in case those big hedge funds were looking for trouble, well, they found it for themselves. Because theyre going to put up quite a stink, quite a fight that theyre no ones tool, capitalist or otherwise. Charlie gasparino has more. Whats happening here . Neil, the speculation in these stocks has farranging implications. The markets are going nuts. The stocks are up and town. Gamestop is down dramatically. Somehow the focus get on hedge funds following comments by massachusetts senator Elizabeth Warren who thought this was a good time to crack down on hedge funds. She seems to have some support in congress, and some republicans. The ....
Obviously a busy morning full of trade and tech news, jon. Indeed. I can take no blame or responsibility for those headlines, but many of them clever all about google thats where were going to start at both larry page and sergey brin step down from their operating roles at the companys parent action alphabet, needing both chief executive roles to be filled kara swisher joins us now on the phone. Kara, i was just talking about this last hour in a way this just smells fishy to me if youre a shareholder looking at the precedent this sets these guys are young, 46 i dont know that weve had any precedent for a tech company, a giant of this size, a controlled company, where the founders say, hey, we still want absolute say over what happens, we just dont want an operating role or to be chairman of the company. Have we seen this before, kara well, in little places. The founder of ebay left the company and put it in the hands of meg whitman and it was a United States , New York , Town Hall , Seema Mody , Meg Whitman , America Paul , Carl Nancy , Sergey Brin , Rick Santelli , Joe Biden , Jim Cramer , Morgan Brennan , Sam Davis , Pat Moorhead , Sundar Pichai , Barry Diller , Tom Steyer , Larry Page , Kara Swisher , Left Company , Company Put , Significant Company , Company Time , Bill Gates , Little Five , Car Credit ,
Cofounder and re codes managing editor. Good to see you. Good stuff to talk about. Markets higher by 51 points. Amazing three hours with Warren Buffett this morning. He talked about the election, the economy and technology. Becky quick is live in omaha to bring us highlights. Reporter great to see you again. Warren buffett is not known as a leading technologist. You could probably call him the antithesis to that but he can spot a winning Business Strategy from a mile away. When it comes to winning Business Strategies there are plenty in the world of technology. Thats part of the reason that over the weekend he gave a shutout to jeff bezos. A shareholder had asked a question about trends and buffett said we are not going to outbezos him. He added this morning with additional comments. Listen to what he had to say. ....
Results that came in significantly below expectations. Sabmiller rejects inbevs takeover offer saying the 42. 15 number is still below what they want. First up, yum brands will take a hit in the premarket. The home of kfc, pizza hut and taco bell missed with Third Quarter results. Greg creed says the pace of recovery in yums China Division is below expectations. In q3, we were looking for a 9. 6 number. They used the words unexpected headwinds, despite everything we know about what is going on there. Lets understand i know david tweeted what does this say about china growth. I say what does this mean about execution . Nike is selling a lot of shoes there. Starbucks has had a fantastic run. Apple is selling well. Samsung, verification of that. Samsungs business strong with apple. This is inexplicable. I think people are tired of it people are tired of the breakup story, the sum ....